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The Stopperside Wardrobe Co. just paid a dividend of $1.51 per share on its stock. The...

The Stopperside Wardrobe Co. just paid a dividend of $1.51 per share on its stock. The dividends are expected to grow at a constant rate of 6.3% per year indefinitely. If investors require an 11.3% return on The Stopperside Wardrobe Co. stock, answer the following: (Do not round intermediate calculations. Round the final answers to 2 decimal places. Omit $ sign in your response.)

What is the current price?

Current price           $

What will the price be in three years?

Stock price in three years           $

What will the price be in 15 years?

Stock price in 15 years           $

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jeff jeffy answered 2 years ago
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